What are the opportunities in open finance?
Envestnet | Yodlee hosted a discussion with FinTech Futures to find out.
UK
UK P2P lender The House Crowd’s collapse a result of governance failings
The House Crowd had struggled to raise capital.
Curve goes crowdfunding five months after $95m Series C
Curve plans to grow its workforce by around 60% this year.
Divide and conquer: how share schemes are telling the story of the UK’s start-ups
Share schemes are both a symptom and a driver of commercial prowess.
UK fintech Fronted raises £1m with backing from Monzo co-founders
The start-up launched back in February.
First Direct enhances app with data specialist Bud
First Direct and Bud are partnering to provide enriched data and services via the bank’s app.
TSB COO: It’s easy to throw the rock at us and say ‘this guy crashed in 2018’
“Compare this company to the market,” says TSB’s COO.
Lanistar secures FCA approval less than six months after regulatory warning
Lanistar also filed its unaudited accounts last month.
ClearBank appoints Tom Harris as new CTO
UK clearing bank promoted from within to fill technology role.
Omnio picks Autorek platform to automate reconciliation
Omnio’s previous manual processes relied on Microsoft Excel, but will now be automated by Autorek.
Virgin Money picks Trade Ledger for business banking boost
UK bank lays groundwork for new business products in 2021.
UK neobank hopeful Kroo partners with Bugni Labs for credit engine
Kroo underwent a brand revamp from B-Social last year.
Danish fintech Blocser launches Butterfly card for UK’s gig workers
“Think of us as a ridesharing service, but instead of rides, you sell your work,” says CEO.
UK eco-banking challenger Tred lands £1m in Crowdcube raise
Tred partners with Forest Carbon to deliver on its tree planting promise.
Sendit.Money chooses Lerex Technology for prepaid payments tech
Mobile wallet provider picks UK prepaid firm in preparation for launch.
Hampshire Trust Bank picks DPR platform to outfit origination
HTB is replacing a long-standing legacy system with the cloud-based DPR solution.
Thought Machine plugs into Wise’s money transfer API
Thought Machine is plugging into via its own ‘Vault’ platform.
HSBC CEO Colin Bell joins board of AML fintech Quantexa
HSBC has used Quantexa to develop an AI solution to better identify financial crime.
New fintech Wisely Money aims to connect lenders and borrowers
New start-up offers an “all-in-one” app for short term lending.
Payhawk closes $20m Series A investment round
The platform has seen rapid growth since its $3.6 million seed round a year ago.
UK fintech industry bounces back with record $2.9bn Q1 investment
2021 starts strong at 153% higher investment than Q4 2020.
Development Bank of Wales picks EQ Credit Services for lending
The bank reports a 72% increase in loan customers since 2020.
Low-code start-up FintechOS lands €51m Series B
The round will fund FintechOS’ international expansion beyond the UK and Europe.
Santander migrates 60% of IT infrastructure to the cloud
Santander is “very well placed against large European banks”, says the bank’s global CTO.
UK takes first steps towards CBDC with launch of new taskforce
The taskforce will now set out to identify the UK’s use cases for a CBDC.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
Lending start-up Fintern raises £32m in equity and debt funding
UK fintech backed by German institution Varengold Bank
TSB taps ApTap to help customers manage bills
Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.
Goldman Sachs settles on Birmingham for second major UK office
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Dear Luc: To give my customers cards I just need an issuer – right?
Our anonymous fintech problem asks if issuers are all you need to provide cards to customers.
Railsbank reunites Currencycloud founding team with John Hammond hire
John Hammond joins former colleagues at the firm as its new CCO.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
Modulr lands undisclosed investment from FIS Ventures
“Modulr lowers the barriers to bringing payments into a platform”.
Mobiquity hires former BNP Paribas COO Howard Moore
Digital transformation firm plans to expand globally this year and beyond.
Innovate Finance CEO Crosswell steps down
Head of industry body to be replaced by COO Janine Hirt.
Moneycorp continues exec shake-up with new ex-Vocalink vice chairman
Yates previously headed up Vocalink, the fintech Mastercard bought in 2017.
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
UK fintech TrueLayer lands $70m Series D led by NY investor Addition
TrueLayer claims payment volumes have grown by 600 times in the last 12 months.
Two UK towns to open all-in-one Banking Hubs pilot stores
The towns are two of nine across the UK to get one.
